Siegwerk Acquires Ultra Inks Inc.
SIEGBURG, Germany/BOIS-DES-FILION, Québec — Siegwerk Druckfarben AG & Co. KGaA has signed a contract to purchase Ultra Inks Inc., Bois-des-Filion, Québec. The Canadian expert for flexographic inks focuses primarily on water-based flexo inks for narrow web and paper and board applications.
With this acquisition, Siegwerk expands its product portfolio for packaging and label printers while strengthening its local footprint in the Canadian market. “Ultra Inks is a well-established expert for packaging and label inks with a very strong local reputation, especially in Québec. The company is known for its highly personalized inks and services and therefore is a perfect fit to our Siegwerk family,” said Dave Hiserodt, head of CUSA Region at Siegwerk.
The acquisition enables Siegwerk to significantly expand its local footprint and build up its infrastructure and workforce to further grow in the region and across Canada. With this purchase, Siegwerk continues to enhance its profile as a global supplier of inks for labels and packaging.
Ultra Inks has more than 20 years of experience in the Canadian market and offers well-established high-quality products. Siegwerk has an extensive global reach, better access to international raw material suppliers and key accounts, and a strong, complementary narrow web UV technology and ink portfolio. The integration of Ultra’s inks into Siegwerk’s broad offering will enable Ultra Ink customers to benefit from a more comprehensive product portfolio and the wider technological expertise. Both companies target their solutions specifically to the customer’s individual needs, ensuring a smooth transition and a simplified integration process going forward.
Going forward, Siegwerk will continue to produce and serve customers from Ultra’s production site in Bois-des-Filion. Ultra Inks Inc. will become part of Siegwerk Canada.
The acquisition of Ultra Inks Inc. follows other strategic investments that Siegwerk has completed to enhance its position as a full-range provider for the packaging market. In 2017, Siegwerk acquired Hi-Tech Products Ltd., a specialist supplier of water-based inks and coatings for paper and board located in the UK. The company also purchased Van Son Liquids B.V., a Dutch manufacturer of high-quality water-based flexo and gravure printing inks. In the narrow web segment, Siegwerk acquired the UV coatings business from Schekolin and the UV inkjet business from AGFA.